Transportation network companies

Uber, the controversial startup taxi company has been shaking up the taxi business in cities around the world and growing rapidly. Uber has now raised even more money to fund this massive expansion with this financing round valuing the company at $40 billion (http://g3t.ca/UCQ68e) Uber has grown to 250 cities from 60 cities a year ago and operates 50 countries worldwide up from 21. This growth wouldn’t be possible without the customers to fuel it. It seems that the customers…

Welcome to this week’s Technology Updates, a vibrant mix of hot topics and future trends. The future is here. Have you heard about Uber? In case you haven’t, it is a start up which is creating havoc in the taxi industry. The issue here is that this is not a taxi service. It is a method of connecting people who have cars, with people who need to go somewhere. They are in over 100 cities around the world and growing.…